Retail Deal Spans Europe And Africa

TODAY: Nov. 26, 2014 PUB DATE: Nov. 26, 2014

(FROM THE WALL STREET JOURNAL 11/26/14) By Matina Stevis and Ian Walker Furniture retailer Steinhoff International Holdings Ltd. is acquiring fellow South African retailer Pepkor Holdings Proprietary Ltd. for 62.8 billion South African rand ($5.7 billion), as it aims to ...

Singapore October Industrial Output Flat Despite Biomedical Push

TODAY: Nov. 26, 2014 PUB DATE: Nov. 26, 2014

By Gaurav Raghuvanshi SINGAPORE--Singapore's manufacturing output was flat in October despite a push from the volatile pharmaceutical sector as production in other sectors lagged. Output rose 0.2% on year in October, preliminary figures released on Wednesday show, falling far short ...

BOJ Shirai Says Extra Action Was Justified

TODAY: Nov. 26, 2014 PUB DATE: Nov. 26, 2014

HIROSHIMA, Japan--A member of the Bank of Japan policy board whose vote helped tip the scales in favor of recent action said the latest stimulus was justified to keep inflation on track toward its target and deliver on the bank's ...

Samsung to Buy Back $2 Billion Worth of Shares

TODAY: Nov. 26, 2014 PUB DATE: Nov. 26, 2014

By Jonathan Cheng And Min-Jeong Lee SEOUL-- Samsung Electronics Co. said it would buy back $2 billion of its shares, its first such move in seven years, as it deploys some of its $60 billion cash hoard to shore up ...

Italy November Consumer Confidence Continues Downward Trend

TODAY: Nov. 26, 2014 PUB DATE: Nov. 26, 2014

By Liam Moloney ROME--Italian consumer confidence fell in November, hitting its lowest level since February as household sentiment dropped and the current climate worsened with the country heading to its third annual economic contraction. Italy's consumer confidence index slipped to ...

CMA CGM Buys Shipper OPDR

TODAY: Nov. 26, 2014 PUB DATE: Nov. 26, 2014

By Ruth Bender PARIS--France's CMA CGM SA, the world's third-biggest container-shipping operator by capacity, Wednesday said it bought Germany's Oldenburg-Portugiesische Dampfschiffs-Rhederei GmbH for an undisclosed sum. The acquisition, reported earlier by The Wall Street Journal, is part of CMA CGM's ...

Congressional Talks on Tax Breaks Stall

TODAY: Nov. 26, 2014 PUB DATE: Nov. 26, 2014

WASHINGTON--Congressional negotiations to extend a slate of temporary tax breaks stalled Tuesday when the White House pushed back on a deal under discussion on Capitol Hill. Lawmakers had neared an agreement to make permanent a handful of temporary tax breaks ...

Oil Trades Near Multi-Year Lows After Overnight Slump

TODAY: Nov. 26, 2014 PUB DATE: Nov. 26, 2014

By Eric Yep Crude-oil futures were weak in Asian trade Wednesday after sharp overnight losses and traders said large price swings will continue as markets lap up news headlines in the run up to OPEC's meeting in Vienna on Thursday. ...

No Risk of Foreign Asset Expropriation in Russia, Economy Minister Says

TODAY: Nov. 26, 2014 PUB DATE: Nov. 26, 2014

By Alexander Kolyandr MOSCOW--There is no risk of foreign asset expropriation in Russia, the country's economy minister said Wednesday. Speaking at a televised news conference in Stuttgart, Germany, Alexei Ulyukayev said current laws and the government's economic policy don't allow ...

Merkel Accuses Russia of Violating Europe's Peaceful Order

TODAY: Nov. 26, 2014 PUB DATE: Nov. 26, 2014

By Andrea Thomas BERLIN--German Chancellor Angela Merkel on Wednesday accused Russia of violating Europe's peaceful order, insisting that economic sanctions against the country remain inevitable due to its actions in Ukraine. Ms. Merkel's tough stance follows her frustrating meeting with ...

Congressional Talks On Tax Breaks Stall -- Update

TODAY: Nov. 26, 2014 PUB DATE: Nov. 26, 2014

By Kristina Peterson and Damian Paletta WASHINGTON--Congressional negotiations to extend a slate of temporary tax breaks stalled Tuesday when the White House pushed back on a deal under discussion on Capitol Hill. Lawmakers had neared an agreement to make permanent ...

Samsung to Sell Stakes in Chemical, Defense Units for $1.7 Billion

TODAY: Nov. 26, 2014 PUB DATE: Nov. 26, 2014

By Min-Jeong Lee SEOUL--Samsung Group said on Wednesday it will sell controlling stakes in its chemical and defense units for 1.9 trillion won ($1.7 billion) as South Korea's largest conglomerate continues restructuring moves ahead of an expected leadership succession. Samsung ...

Dollar Tad Lower Ahead of U.S. Holiday

TODAY: Nov. 26, 2014 PUB DATE: Nov. 26, 2014

By Hiroyuki Kachi The dollar was slightly lower against the yen in quiet rangebound Asian trade Wednesday, with investors reluctant to move aggressively ahead of the U.S. Thanksgiving holiday. As of 0450 GMT, the dollar was at Y117.82 from Y117.95 ...

Thai Ministry: October Customs-Basis Trade Surplus $31.5 Million

TODAY: Nov. 26, 2014 PUB DATE: Nov. 26, 2014

By Warangkana Chomchuen BANGKOK--Thailand returned to a trade surplus in October, after exports recorded the highest growth in almost two years on stronger overseas demand for items including vehicles and auto parts, the Commerce Ministry said Wednesday. Exports continued to ...

UK Economy More Reliant on Consumer Spending

TODAY: Nov. 26, 2014 PUB DATE: Nov. 26, 2014

By Jon Sindreu and Jason Douglas LONDON--Consumer spending accelerated at the fastest quarterly pace in more than four years and drove the expansion of the U.K. economy during the third quarter, official figures show. The second estimate of gross domestic ...

Net trade balance at SEK -0.2 billion in October

TODAY: Nov. 26, 2014 PUB DATE: Nov. 26, 2014

Statistical news from Statistics Sweden 2014-11-26 9:30 AM Nr 2014:544 Exports, imports and net trade balance, October 2014: Net trade balance at SEK -0.2 billion in October In October 2014 Swedish exports of goods amounted to SEK 103.1 billion, while ...

Merkel Accuses Russia of Violating Europe's Peaceful Order

TODAY: Nov. 26, 2014 PUB DATE: Nov. 26, 2014

BERLIN--German Chancellor Angela Merkel on Wednesday accused Russia of violating Europe's peaceful order, insisting that economic sanctions against the country remain inevitable due to its actions in Ukraine. Ms. Merkel's tough stance follows her frustrating meeting with Russia's President Vladimir ...